How much direct materials cost was incurred in producing
Finished goods inventory is $189,000. If overhead applied to these goods is $75,000, and the overhead rate is 120% of direct labor, how much direct materials cost was incurred in producing the inventory?
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The Norman Company has just signed a capital lease contract for equipment that requires annual lease payments of $5,000 to be paid at the end of each of the next 4 years. The appropriate discount rate is 14%. What is the present value of the lease
Ann Terrell invests $14,973.80 now for a series of $2,000 annual returns (payments) beginning one year from now. Ann will earn 9% on the initial investment. How many annual payments will Ann receive?
Snower Corporation sells product G for $150 per unit, the variable cost per unit is $105, and the fixed costs are $720,000. What is the sales (in dollars) required to realize income from operations of $40,000?
Hadley, Inc. makes a line of bathroom accessories. Because of a decline in sales, the company has 10,000 machine hours of idle capacity available each year.
The Wisbley Company is contemplating the purchase of a helicopter for its executives to use in their business trips. This helicopter could be either purchased or leased from the manufacturer. The useful life of the helicopter is four years.
A June sales forecast projects that 7,200 units are going to be sold at a price of $11.7 per unit. The desired ending inventory of units is 15% higher than the beginning inventory of 2,200 units.
Computer Boutique sells computer equipment and home office furniture. Currently, the furniture product line takes up approximately 50% of the company's retail floor space.
During its most recent fiscal year, Simon Enterprises sold 310,000 electric screwdrivers at a price of $18.30 each. Fixed costs amounted to $961,000 and pretax income was $1,271,000.
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